A. Draw the aggregate demand (AD) , short run aggregate supply (SRAS), and long run aggregate supply (LRAS) curves for this economy B. What is the full employment level of output? (Thousand) C. What is the market equilibrium? A price level of ______ and real GPD of $_________ thousand

The table below depicts the relationship between the price level and aggregate demand and aggregate supply. Aggregate Demand and Aggregate Supply Short-Run Long-Run Aggregate Aggregate Aggregate Demand Supply Supply ( thousands ( thousands ( thousands Price Level of dollars) of dollars) of dollars) 80 $350 $50 $250 90 300 150 250 100 250 250 250 110 200 350 250 120 150 450 250 AD/AS in Equilibrium 130 Tools 120